FOR x ← 1 TO 10 FOR y ← 1 TO 10 result ← y * x OUTPUT y + " * " + x + " = " + result ENDFOR ENDFOR For every iteration of x, y is iterated ten times. Nested ...

This article studies the accuracy of two versions of Kydland and Prescott's (1980, 1982) procedure for approximating optimal decision rules in problems in which the objective fails to be quadratic and ...